https://www.taxtmi.com/caselaws?id=22784 The High Court held that penalties imposed by the Income-tax Officer under section 273(a) for assessment years 1964-65, 1966-67, 1967-68, and 1970-71 were invalid and illegal. The Court determined that penalty proceedings initiated during subsequent assessments after original assessments were set aside did not qualify as "regular assessment" under section 273(a) of the Income-tax Act, 1961. Consequently, the penalties were deemed without jurisdiction, and in favor of the assessee, the Court declared them invalid. en-us Tue, 02 Apr 1991 00:00:00 +0530 Mon, 14 Dec 2009 10:41:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22784 The High Court held that penalties imposed by the Income-tax Officer under section 273(a) for assessment years 1964-65, 1966-67, 1967-68, and 1970-71 were invalid and illegal. The Court determined that penalty proceedings initiated during subsequent assessments after original assessments were set aside did not qualify as "regular assessment" under section 273(a) of the Income-tax Act, 1961. Consequently, the penalties were deemed without jurisdiction, and in favor of the assessee, the Court declared them invalid. Case-Laws Income Tax Tue, 02 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22784